Insurance

Easy claiming, easy insurance

Insurers are increasingly turning to driver monitoring technology, better known as telematics, to identify safe drivers and reward them with reduced car insurance prices. Telematics insurance works by fitting your car with a small device – commonly known as a ‘black box’ – that records speed patterns and distance travelled as well as the type of roads you are using, and when. The technology can also monitor braking and cornering to build up a picture of your driving style. Insurers then use this data to calculate the cost of your insurance and adjust your premium accordingly, with each aspect having an effect on the price that you pay.

Features and Highlights

Helps reduce the insurance premium for customers by applying
telematics.

To identify “who” is driving the vehicle.

Helps the insurance company to calculate the driving scores of
customers using acceleration, cornering, deceleration and track behavior.

To receive an alert in the case of unusual occurrences or an accident.

The insurance company can implement discount on premium based
on the driver score.

To receive a “theft” alert.

To identify if the vehicle/asset is located or moving in an area of risk.

To report on the number of driving hours if excessive.

To determine the distance covered by the vehicle in a period of
time: hours, season, year, etc.

In the case of contents insurance for a lorry, container, etc., to
report events such as door opening, temperature, intrusion alert, etc.